Homework Answers
| Post Closing Trial Balance | ||
| Debit | Credit | |
| Cash | $ 18,200 | |
| Accounts receivable | $ 34,200 | |
| Supplies | $ 2,100 | |
| Long-term Investments | $ 25,000 | |
| Shipping Equipment | $ 45,000 | |
| Accumulated depreciation | $ 11,080 | |
| Patent | $ 16,000 | |
| Accounts payable | $ 16,200 | |
| Wages Payable | $ 4,120 | |
| Long-term Notes Payable | $ 20,000 | |
| Common Stock | $ 10,000 | |
| Retained Earnings | $ 79,100 | |
| Total | $ 140,500 | $ 140,500 |
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Martin Air Freight Adjusted Trial Balance December 31 Credit Debit $18,200 34,200 2,100 25,000 45,000 $11,080...
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